Results: Bank Policy
With our next OCR cut around the corner, the time to fix is almost here
We're just a week away from our final OCR announcement of the year, which is expected to bring a 0.50% reduction. If you've been h...
A broader look at interest rates, the NZ housing market and economy
Between US politics and NZ's last OCR verdict of the year coming up, November's shaping up to be a big month. Here's a broad look ...
Why you shouldn’t rush to fix (or refix) your mortgage in a falling rate environment
It's not in the bag yet, but most are picking another big OCR reduction in November—so, by opting to float in the short-term, borr...
Interest rate rises to continue this year
Welcome to my first fortnightly column on mortgage rate levels and prospects in New Zealand. At the start of 2022 we can see that all fixed interest rates have in fact risen quite firmly.
Rate rises delayed but with upside risk
Borrowers could reasonably expect higher rates at their peaks, but not necessarily a faster speed of increase. Our central bank has an established long-term record of too often tightening monetary policy too slowly.
OCR remains unchanged, RBNZ to keep monetary policy steady
There's no reason for strongly believing that we face a future of sustained high inflation which will require an interest rate crunch. But borrowers should pay attention to the upside risks and the extreme uncertainty regarding how far and fast rates rise.
Why interest rates will remain low for a few years - Tony Alexander
Banks lend out about $280 billion to households for housing purchases. But they have funding from households exactly equal to $200 billion. It might pay to stop and think about that number for a moment.
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